Toys R Us buyers face £120m price tag

Toys R Us buyers face £120m price tag

Reports suggest potential buyer of the troubled toy retailer would need to stump up £120m to meet payment deadlines and overhaul UK operation

Potential buyers of Toys R Us's UK operation would face a price tag of around £120m, according to recent reports in The Telegraph.

The news outlet's sources say an immediate cash injection of £50m would be needed to pay the group of bank lenders that have given aid to its parent company in the US by the end of the month.

A further £70m would be needed to get Toys R Us's proposed five-year plan underway as it aims to tackle its main competition in the UK - largely Amazon and Argos. The money would pay for a revamp of its stores and help the retailer offer more competitive pricing.

As well as modernising stores, the retail group also wants to cut the floorspace of its 79 stores - the number that remain after a wave of closures - by more than a third. This would be followed by the opening of a new group of around 30 smaller "Express" stores to serve regions of the country left without a Toys R Us, and money would also be invested in increasing the retailer's online retail offering.

The news follows reports from Sky News last Thursday that Hilco - a restructuring firm that helped pull HMV back into the black in 2013 - was one of a small number of bidders eyeing Toys R Us, though analysts speaking to The Guardian said such firms would likely wait for the retailer to fall into administration.

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Due to the continuing success of the business and to drive further expansion we now have an exciting opportunity for a National Account Manager.

PMS International Group Plc is a high volume importer of a wide range of consumer goods from China which are distributed to customers in the UK. The Company is well known for its innovative and novelty products and speed with which it can bring products to the market.

The Company’s wide product range includes toys, housewares, giftware, stationery, novelties, electrical gadgets, Christmas decorations and gardening range. The Company is also one of the largest suppliers of licensed and own brand plush toys to the retail, amusement and leisure industry.